INDIANAPOLIS – Indiana Farm
Bureau Insurance announces that Kevin Murphy has been
named its next executive vice president and chief executive officer (CEO) effective January 2021.
Current CEO Joe Martin will retire at the end of the year after 40 years of service
with the company.
“The board of directors and I are pleased and proud that Kevin
will lead the company.” said Randy Kron, president, Indiana Farm
Bureau and Indiana Farm Bureau Insurance. “With 30 years of extensive
experience in the insurance industry, he has distinguished himself as
a proven leader, well-suited as our new CEO.”
Murphy has been a key member of the company’s leadership team since
2000, when he began as director and chief actuary of
product management solutions. In 2008, he was promoted to his current
position, senior vice president of property and
casualty. In this role, he is responsible for the operational
areas of the property and casualty companies, including claims,
underwriting, actuarial and product management solutions. He is a fellow
of the Casualty Actuarial Society and member of the American Academy of
Actuaries. In December, he begins his appointment as chair of the
board of directors for the Insurance Institute of Indiana. Prior to joining Indiana
Farm Bureau Insurance, Murphy spent 10 years in various actuarial
roles with American States Insurance and Safeco Insurance.
Murphy graduated from Franklin College with a bachelor’s
degree and earned a master’s degree in mathematics from Miami University. He and
his wife Kathy live in Indianapolis and have four children.
“I am honored and excited to continue the growth and success of
our companies,” stated Murphy. “Joe leaves an impressive legacy, and
I am humbled to fill the shoes of my mentor and friend.”
Martin began his career with Indiana Farm Bureau Insurance in 1980
as an analyst in the investment department and held several key positions
during his career, including leading the company as CEO for the last six years.
He is a graduate of Eastern Illinois University with a degree in business and
of Duke University with an MBA. Martin is
married to Kimberly, has two grown children and four granddaughters. He is
looking forward to spending more time with his family, golfing, fishing and
traveling during retirement.
Indiana Farm Bureau Insurance has served Hoosiers for 86
years. Organized in 1934 by Indiana Farm Bureau, Inc., the company has grown to
include insurance products for auto, life, home, business and farm. Health
plan benefits, banking and other financial services and products are also
available through its local offices and online at www.infarmbureau.com. With a home office
in downtown Indianapolis and local offices in all 92 counties, Indiana Farm
Bureau Insurance serves Hoosiers with more than 400
agents and approximately 1,200 employees living and working throughout the
state. The company is a leader in auto and homeowners insurance and the largest
writer of farm insurance in the state.
Contact: Suzanne Henderson, Director of Public Relations and Communications